Swift plans to disclose new security plan after the robbery a letter process

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«Swift» acknowledge flag incidents of electronic fraud

 

 

4/27/2016 0:00   Reuters - capitals  Global Financial Network «Swift» used by banks to transfer billions of dollars a day from customers that they are aware of «a number of electronic fraud incidents in recent» where attackers sent fake messages via warned  Its system.  According to this disclosure while the check law enforcement authorities in Bangladesh and other countries in the theft of $ 81 million from the account of the Central Bank of Bengal to the Federal Reserve Bank in New York.   Recognized the Swift that the plan included a change Swift program in computers , the Central Bank of Bengal to hide evidence of transfers   fraudulent. Platform Instant and the statement issued by Swift is the first acknowledgment that the attack on the Central Bank of Bengal was not an isolated incident, but one of the few criminal schemes targeted to take advantage of the platform Instant global used by about 11 thousand financial institution. it warned the network customers in the notification seen by Reuters «they are aware of a number of online that have occurred recently and succeeded where familiar Khbaython or assailants external to provide SWIFT messages from a background of financial institutions and computers and personal or operation of stations connected to the local interface to the network of offices incidents  Swift.» value losses  did not mention the warning - issued Swift in Sri notice sent through Hbactha- the names of any victims did not disclose the value of any losses from the attacks that have not previously disclosed. Swift confirmed to Reuters Health Notice. The Swift - or the global financial communications association between the banks , the Commonwealth is a cooperative owned by three thousand Corporation Finance.

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 Swift plans to disclose new security plan after the robbery a letter process

 

 

 

 

Economy News / Agencies ...

 

Global Financial Communications Society between banks (SWIFT) service provided to insured messages in international banking transactions said it plans to launch a new security program within the framework of its efforts to rebuild its reputation in the wake of cybersquatting process, which affected the Central Bank of Bangladesh.

 

Chief Executive of the Association Gottfried Ibrant will address the conference on financial services in Brussels to announce that the Assembly will launch a five-point plan later this week.

 

Banks send payment instructions to each other through SWIFT messages. In February, thieves carried out an act of piracy on the electronic Swift Central Bank of Bangladesh's system and sent messages to the Federal Reserve Bank of New York allowed them to seize $ 81 million.

 

The incident came after the theft and two counts Mchabhettin in Ecuador and Vietnam, the first of which stole the robbers more than $ 12 million, while the second failed.

 

The banking sector fell confidence in Swift, based in Belgium-based and owned by its users after these three incidents.

 

And it will tell Ibrant in his speech that the robbery at the Central Bank of Bangladesh was a "difference of the banking sector event ... there will be (put) before the (process) Bangladesh and another after. Scam suffered by the (bank) Bangladesh is not an individual ... It is gravely missed and hit the banking sector at heart. "

 

Swift also will announce stricter rules pilot can to auditors and regulators use to assess the quality of Swift's security procedures adopted by the banks.

 

And it will fight to Ibrant again about the role of Swift will say that because of piracy occurred primarily because of user errors. However, some executives in the finance sector say that Swift were not active in improving security procedures to the extent that it should be.

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3634   No. Content 24/05/2016 - 13:33   Last updated 05/24/2016 - 12:23   Date Added 25Views